SEC Form 4/A · accession 0001131096-18-000146
ATHENAHEALTH INC · ATHN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Jonathan Bush
Officer — Former director and CEO · Director
Period of report
Mar 1, 2018
Accepted (ET)
Jun 8, 2018 · 6:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001131096
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 1, 2018 | A | 5,726 | $0.00 | A | 321,533 | D | |
| Common Stock | Mar 1, 2018 | F | 2,546 | $139.74 | D | 318,987 | D | |
| Common StockF2 | Mar 1, 2018 | A | 7,644 | $0.00 | A | 326,631 | D | |
| Common Stock | Mar 1, 2018 | F | 3,398 | $139.74 | D | 323,233 | D | |
| Common StockF3 | Mar 1, 2018 | A | 10,444 | $0.00 | A | 333,677 | D | |
| Common Stock | Mar 1, 2018 | M | 250 | $44.90 | A | 333,927 | D | |
| Common StockF6 | Mar 1, 2018 | S | 250 | $139.27 | D | 335,356 | D | |
| Common StockF7 | holding | — | — | — | 103,424 | I | See Footnote | |
| Common StockF8 | holding | — | — | — | 27,998 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $44.90 | Mar 1, 2018 | M | 250 | D | Apr 1, 2012 | Mar 31, 2021 | Common Stock | 250 | 59,500 | D |
| Stock Option (Right to Buy)F9 | $137.49 | Mar 1, 2018 | A | 25,693 | A | Mar 1, 2018 | Mar 1, 2028 | Common Stock | 25,693 | 25,693 | D |
Explanation of responses
- F1On March 1, 2016, the Reporting Person was granted a Performance Stock Unit ("PSU") award of 54,544 PSUs. The PSUs convert into common stock on a one-for-one basis, and vest in three equal annual installments beginning on March 1, 2017 based on the Issuer's satisfaction of certain performance criteria for the fiscal years ending December 31, 2016, 2017 and 2018. On February 6, 2018, the Compensation Committee of the Board of Directors of the Issuer certified that certain performance criteria for 2017 was met, resulting in vesting of PSUs as to 5,726 shares on March 1, 2018.
- F2On March 1, 2017, the Reporting Person was granted a Performance Stock Unit ("PSU") award of 68,588 PSUs. The PSUs convert into common stock on a one-for-one basis, and vest in three equal annual installments beginning on March 1, 2018 based on the Issuer's satisfaction of certain performance criteria for the fiscal years ending December 31, 2017, 2018 and 2019. On February 6, 2018, the Compensation Committee of the Board of Directors of the Issuer certified that certain performance criteria for 2017 was met, resulting in vesting of PSUs as to 7,644 shares on March 1, 2018.
- F3Represents a restricted stock unit ("RSU") award granted under the Issuer's 2007 Stock Option and Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The award is subject to time-based vesting and vests in three equal annual installments beginning on March 1, 2019. The RSUs will be settled only in stock.
- F4This Form 4/A amends the Form 4 filed on behalf of the Reporting Person on March 5, 2018 that excluded this stock option exercise transaction due to administrative error.
- F5The sales reported on this Form 4 were made pursuant to a written trading plan adopted by the Reporting Person on October 24, 2017, in accordance with Rule 10b5-1.
- F6Includes 10,444 units of common stock that were granted pursuant to RSU awards under the athenahealth, Inc. 2007 Stock Option and Incentive Plan, as amended and restated. The RSUs are subject to time-based vesting and will be settled only in stock. Also includes 1,679 shares confirmed to be held by the Reporting Person pursuant to historical brokerage account records but that were not previously reported due to conflicting records.
- F7These shares are owned by The Bush 2004 Gift Trust, the beneficiaries of which are certain of Mr. Bush's children. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F8These shares are owned by The Oscar W. Bush 2007 Gift Trust, the beneficiary of which is Mr. Bush's child. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F9The option award vests in three equal annual installments beginning on March 1, 2019.